Before going into next week’s Game Plan, Cramer took a moment on Friday’s Mad Money to address the news that Ed Zander, the CEO of Motorola , would be stepping down at year’s end.
Zander, a member of Cramer’s Hall of Shame -- where the worst CEOs are relegated until they decide to quit in order to spend more time with their families -- has deserved to go since he got MOT’s share of the cell phone market down to just 13%, Cramer said.
To replace Zander on the list, Cramer picked Sprint’s acting CEO Paul Saleh. At the helm of Sprint, Saleh blew it by rejecting a $5 billion investment from SK Telecom that would have made former Nextel CEO Tim Donahue, someone who “actually knows what he’s doing,” according to Cramer, the head of the merged Sprint-Nextel. For that, Saleh has got to go, Cramer said.